Quote from: Sayeds56 on December 10, 2020, 04:54:48 PM

Polka dot is an open-source project that works with shared protocol that enables Blockchain Networks to work with Synergy. The token serves three distinct purposes; Governance, Staking and Bonding. This is designed to co-exist with Leading smart contract Blockchains rather than competing with them. This is very appealing factor for some Investors. It won't be easy for the Polka dot to challenge Ethereum as many working projects are already using Ethereum Network even though Technically it is superior project but It is already Home of 197 projects those are working on its networks and many more willing to join it.

This is also evident from price movement that we have witnessed during the past month when its price moved from $2 to almost $6 that reflects great interest of Investors in this token. There are some predictions that within a year time , Dot will be Top 3 on Market cap.

There have been many who have tried to compete with the ethereum platform, but many of them have not succeeded because the ethereum platform has been used by thousands of alcoint which are currently circulating on various exchange markets and there are many more alcoint projects that are being built using the ethereum platform ... maybe it could surpass ethereum but not for the resilience and popularity of the ethereum platform which nowadays every cryptocurency user must have.